Ionia Free Fair Association
- Assets
- $2.3m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 5
- Location
- Ionia, MI
- Founding
- 11/1939
- Data as of
- 09/2023
- EIN
- 38-0680310
Organization Overview
Ionia Free Fair Association is located in Ionia, MI. The organization was established in 1939. According to its NTEE Classification (N52) the organization is classified as: Fairs, under the broad grouping of Recreation & Sports and related organizations. As of 09/2023, Ionia Free Fair Association employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ionia Free Fair Association is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2023, Ionia Free Fair Association generated $1.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $1.4m during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
ANNUAL AGRICULTURAL FAIR
Describe the Organization's Program Activity:
AN ANNUAL AGRICULTURAL FAIR WAS HELD IN WHICH OVER 655 EXHIBITORS PARTICIPATED. THE FAIR HAS AN ANNUAL ATTENDANCE OF APPROXIMATELY 350,000.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dan Balice Ex-Officio | Trustee | 1 | $0 |
Dr Lisa Sanford DVM Director | Trustee | 1 | $0 |
John Dinehart Treasurer | OfficerTrustee | 1 | $0 |
Ryan Gregory Director | Trustee | 1 | $0 |
Ann Martinez Director | Trustee | 1 | $0 |
Laurie Palmer Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $630 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $367,804 |
| Noncash contributions included in lines 1a–1f | $213,409 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $368,434 |
| Total Program Service Revenue | $1,233,808 |
| Investment income | $15,381 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $90,535 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,750,821 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $133,301 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $15,104 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,865 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $119,411 |
| Office expenses | $13,884 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $54,277 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,598 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $78,511 |
| Insurance | $51,788 |
| All other expenses | $522,925 |
| Total functional expenses | $1,415,631 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $628,074 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $37,159 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $121 |
| Net Land, buildings, and equipment | $1,391,889 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $205,974 |
| Total assets | $2,263,217 |
| Accounts payable and accrued expenses | $23,050 |
| Grants payable | $0 |
| Deferred revenue | $18,340 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $41,057 |
| Total liabilities | $82,447 |
| Net assets without donor restrictions | $1,974,796 |
| Net assets with donor restrictions | $205,974 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,263,217 |